CASPeR Ranking #100
Mirae Asset Nifty Financial Services ETF
NAV (Tue Sep 17 2024)
₹25
Returns (Since Inception)
10.00%
Category Average
15.49%
Rating
1
Allocation and Holdings
Asset class
Weightage
Financial Services
88.99%
Get your personalized mutual fund portfolio in 2 minutes.
Overall rating
Scheme Information
Fund name
Mirae Asset Nifty Financial Services ETF
Minimum SIP
1000
Risk Level
Very High Risk
AUM
₹265.87 Cr
ISIN
INF769K01HI8
Inception Date
Jul 30 2021
Standard Deviation
14.837
Beta
1
Sharpe Ratio
0.346
Benchmark
IISL Nifty Financial Services TR INR
Expense Ratio
0.120%
Exit Load
Risk
Very High Risk
Investment Objective
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Financial Services Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
Fund Managers
Ekta Gala
About the AMC
Mirae Asset Investment Managers (India) Private Limited
Phone Number
022-6780 0300Email Address
customercare@miraeasset.comCorporate Office Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098Overall AUM
₹265.87 Cr
Website
www.miraeassetmf.co.inPopular Hybrid Funds
View all fundsMirae Asset Low Duration Fund - Regular Low Duration Plan Growth
Mirae Asset Low Duration Fund Regular Plan Growth
Mirae Asset Dynamic Bond Fund Regular Growth
Mirae Asset Dynamic Bond Fund Direct Growth
Mirae Asset Large & Midcap Fund Direct Plan Growth
Popular Equity funds
View all FundsSBI PSU Regular Growth
₹4851.11 Cr
37.56%
Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option
₹16465.39 Cr
20.94%
Nippon India Multi Cap Fund - Direct Plan - Growth
₹38115.28 Cr
29.46%
Quant Focused fund Growth Option Direct Plan
₹1145.27 Cr
23.46%
LIC MF Nifty 50 ETF
₹863.50 Cr
14.28%
Expert designed mutual fund portfolios
Mutual Funds are a smart way to grow your money. They can help you achieve your financial goals as they have the potential to generate higher-than-inflation returns.
frequently asked questions
view all FAQsWhat is the current NAV of Mirae Asset Nifty Financial Services ETF?
The NAV of Mirae Asset Nifty Financial Services ETF is ₹25 as of Tue Sep 17 2024.
Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.
Who is the fund manager of Mirae Asset Nifty Financial Services ETF?
Ekta Gala is the current fund manager of Mirae Asset Nifty Financial Services ETF as on Wed Sep 18 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.
What is the expense ratio of Mirae Asset Nifty Financial Services ETF?
The Expense Ratio of Mirae Asset Nifty Financial Services ETF is 12.00% as of Wed Sep 18 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 12.00% of those returns will be retained by the AMC.
The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).
Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.
What is the minimum SIP amount of Mirae Asset Nifty Financial Services ETF?
The minimum Systematic Investment Plan (SIP) amount required for Mirae Asset Nifty Financial Services ETF is ₹1,000. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.
What is the minimum lump sum amount required to invest in Mirae Asset Nifty Financial Services ETF?
To initiate a lump sum investment in Mirae Asset Nifty Financial Services ETF, a minimum initial amount of ₹1,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.
What is risk category of the Mirae Asset Nifty Financial Services ETF?
In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Mirae Asset Nifty Financial Services ETF is classified as Very High Risk.
What is the category of Mirae Asset Nifty Financial Services ETF?
The category of the Mirae Asset Nifty Financial Services ETF is Equity.